Dell's revenue in the first half of 2024 fell 17% year-on-year, and net profit fell 34%

According to news from this site on September 1, Dell yesterday announced its performance report for the second quarter of fiscal year 2024 (ending August 4, 2023). According to published data, Dell's revenue in the second fiscal quarter was US$22.9 billion (note on this site: currently about 166.483 billion yuan), a decrease of 13% compared to the same period last year and an increase of 10% sequentially. #. Dell’s operating profit in the second fiscal quarter was US$1,165 million (approximately 84.7 billion yuan), a decrease of 8% from the same period last year; net profit was US$455 million (approximately 330.8 billion yuan) ), a year-on-year decrease of 10%

From the first half of fiscal year 2024, Dell’s revenue is US$43.856 billion (currently approximately 318.833 billion yuan) ), down 17% year-on-year; operating profit was US$2.234 billion (currently approximately RMB 16.241 billion), down 21% year-on-year; Net profit was US$1.033 billion (currently approximately RMB 7.51 billion), down 31% year-on-year

. In terms of business segments, Infrastructure Solutions Group (ISG)’s revenue in the second fiscal quarter was US$8.5 billion (approximately 61.795 billion yuan), a decrease of 11% from the same period last year and an increase from the previous quarter. 11%. Client Solutions Group (CSG) revenue in the second fiscal quarter was US$12.9 billion (approximately 93.783 billion yuan), a decrease of 16% from the same period last year and an increase of 8% sequentially

Dell Technologies executives said that the company expects revenue in the third fiscal quarter to be US$22.5 billion to US$23.5 billion (currently approximately 163.575 billion yuan to 170.845 billion yuan); Quarterly gross profit margin fell 150 basis points quarter-on-quarter; EPS in fiscal 2024 is expected to be $6.30, plus or minus 20 cents.

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